** Shares of Galan Lithium GLN.AX rise as much as 38.1% to A$0.145, their biggest intraday percentage gain since November 19, 2020
** Stock hits its highest level since January 7
** The lithium explorer says it received and rejected a $150 million offer from Zhejiang Huayou Cobalt Co 603799.SS and Renault RENA.PA to acquire its stake in its Argentine assets
** About 19 million shares change hands, vs the 30-day average of 1.6 million
** Stock down 25%, YTD, including the day's move
(Reporting by Aaditya Govind Rao in Bengaluru)
((Aaditya.govindrao@thomsonreuters.com;))
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